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v3.23.2

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments (Tables) | 6 Months Ended
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Jun. 30, 2023
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments |
Activity in the Allowance for Loan Losses by Portfolio Segment | The following tables detail the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | SBA | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 1,103 | ​ | $ | 15,299 | ​ | $ | 6,135 | ​ | $ | 1,022 | ​ | $ | 2,642 | ​ | $ | 26,201
Charge-offs | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (225) | ​ |  | (900) | ​ |  | (1,125)
Recoveries | ​ |  | 15 | ​ |  | 96 | ​ |  | — | ​ |  | 24 | ​ |  | — | ​ |  | 135
Net (charge-offs) recoveries | ​ |  | 15 | ​ |  | 96 | ​ |  | — | ​ |  | (201) | ​ |  | (900) | ​ |  | (990)
Provision for (credit to) credit losses charged to expense | ​ |  | 438 | ​ |  | 121 | ​ |  | 302 | ​ |  | 24 | ​ |  | (108) | ​ |  | 777
Balance, end of period | ​ | $ | 1,556 | ​ | $ | 15,516 | ​ | $ | 6,437 | ​ | $ | 845 | ​ | $ | 1,634 | ​ | $ | 25,988
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended June 30, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | SBA | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 941 | ​ | $ | 14,705 | ​ | $ | 4,284 | ​ | $ | 642 | ​ | $ | 1,596 | ​ | $ | 22,168
Charge-offs | ​ |  | — | ​ |  | (501) | ​ |  | — | ​ |  | (40) | ​ |  | — | a |  | (541)
Recoveries | ​ |  | 6 | ​ |  | 32 | ​ |  | 1 | ​ |  | 4 | ​ |  | — | ​ |  | 43
Net recoveries (charge-offs) | ​ |  | 6 | ​ |  | (469) | ​ |  | 1 | ​ |  | (36) | ​ |  | — | ​ |  | (498)
Provision for (credit to) credit losses charged to expense | ​ |  | (189) | ​ |  | 672 | ​ |  | 501 | ​ |  | 197 | ​ |  | 7 | ​ |  | 1,188
Balance, end of period | ​ | $ | 758 | ​ | $ | 14,908 | ​ | $ | 4,786 | ​ | $ | 803 | ​ | $ | 1,603 | ​ | $ | 22,858
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | SBA | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 875 | ​ | $ | 15,254 | ​ | $ | 5,450 | ​ | $ | 990 | ​ | $ | 2,627 | ​ | $ | 25,196
Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL") | ​ | ​ | 163 | ​ | ​ | 171 | ​ | ​ | 376 | ​ | ​ | 101 | ​ | ​ | 36 | ​ | ​ | 847
Charge-offs | ​ |  | (113) | ​ |  | — | ​ |  | — | ​ |  | (345) | ​ |  | (900) | ​ |  | (1,358)
Recoveries | ​ |  | 15 | ​ |  | 367 | ​ |  | — | ​ |  | 36 | ​ |  | — | ​ |  | 418
Net (charge-offs) recoveries | ​ |  | (98) | ​ |  | 367 | ​ |  | — | ​ |  | (309) | ​ |  | (900) | ​ |  | (940)
Provision for (credit to) loan losses charged to expense | ​ |  | 616 | ​ |  | (276) | ​ |  | 611 | ​ |  | 63 | ​ |  | (129) | ​ |  | 885
Balance, end of period | ​ | $ | 1,556 | ​ | $ | 15,516 | ​ | $ | 6,437 | ​ | $ | 845 | ​ | $ | 1,634 | ​ | $ | 25,988
​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30, 2022
​ |  | SBA held |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | for | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​
(In thousands) | ​ | investment | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Total
Balance, beginning of period | ​ | $ | 1,074 | ​ | $ | 15,053 | ​ | $ | 4,114 | ​ | $ | 671 | ​ | $ | 1,390 | ​ | $ | 22,302
Charge-offs | ​ |  | — | ​ |  | (501) | ​ |  | — | ​ |  | (46) | ​ |  | — | ​ |  | (547)
Recoveries | ​ |  | 28 | ​ |  | 61 | ​ |  | 1 | ​ |  | 4 | ​ |  | — | ​ |  | 94
Net (charge-offs) recoveries | ​ |  | 28 | ​ |  | (440) | ​ |  | 1 | ​ |  | (42) | ​ |  | — | ​ |  | (453)
Provision (credit) for loan losses charged to expense | ​ |  | (344) | ​ |  | 295 | ​ |  | 671 | ​ |  | 174 | ​ |  | 213 | ​ |  | 1,009
Balance, end of period | ​ | $ | 758 | ​ | $ | 14,908 | ​ | $ | 4,786 | ​ | $ | 803 | ​ | $ | 1,603 | ​ | $ | 22,858
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for Credit Losses on Financing Receivables | The following tables present loans and their related allowance for credit losses, by portfolio segment, as of June 30, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | SBA | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Unallocated | ​ | Total
Allowance for credit losses ending balance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ |  | ​ |
Individually evaluated | ​ | $ | 530 | ​ | $ | — | ​ | $ | 147 | ​ | $ | — | ​ | $ | 274 | a | $ | — | ​ | $ | 951
Collectively evaluated | ​ |  | 1,026 | ​ |  | 15,516 | ​ |  | 6,290 | ​ |  | 845 | ​ |  | 1,360 | ​ |  | — | ​ |  | 25,037
Total | ​ | $ | 1,556 | ​ | $ | 15,516 | ​ | $ | 6,437 | ​ | $ | 845 | ​ | $ | 1,634 | ​ | $ | — | ​ | $ | 25,988
Loan ending balances: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated | ​ | $ | 357 | ​ | $ | 449 | ​ | $ | 7,787 | ​ | $ | — | ​ | $ | 3,916 | ​ | $ | — | ​ | $ | 12,509
Collectively evaluated | ​ |  | 62,150 | ​ |  | 1,255,583 | ​ |  | 625,627 | ​ |  | 75,990 | ​ |  | 135,508 | ​ |  | — | ​ |  | 2,154,858
Total | ​ | $ | 62,507 | ​ | $ | 1,256,032 | ​ | $ | 633,414 | ​ | $ | 75,990 | ​ | $ | 139,424 | ​ | $ | — | ​ | $ | 2,167,367
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Residential | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | SBA | ​ | Commercial | ​ | Residential | ​ | Consumer | ​ | construction | ​ | Unallocated | ​ | Total
Allowance for credit losses ending balance: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ |  | ​ |
Individually evaluated for impairment | ​ | $ | 115 | ​ | $ | 516 | ​ | $ | 36 | ​ | $ | — | ​ | $ | 1,112 | a | $ | — | ​ | $ | 1,779
Collectively evaluated for impairment | ​ |  | 760 | ​ |  | 14,738 | ​ |  | 5,414 | ​ |  | 990 | ​ |  | 1,515 | ​ |  | — | ​ |  | 23,417
Total | ​ | $ | 875 | ​ | $ | 15,254 | ​ | $ | 5,450 | ​ | $ | 990 | ​ | $ | 2,627 | ​ | $ | — | ​ | $ | 25,196
Loan ending balances: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |
Individually evaluated for impairment | ​ | $ | 690 | ​ | $ | 3,101 | ​ | $ | 3,361 | ​ | $ | — | ​ | $ | 3,432 | ​ | $ | — | ​ | $ | 10,584
Collectively evaluated for impairment | ​ |  | 71,614 | ​ |  | 1,184,442 | ​ |  | 601,730 | ​ |  | 78,164 | ​ |  | 160,025 | ​ |  | — | ​ |  | 2,095,975
Total | ​ | $ | 72,304 | ​ | $ | 1,187,543 | ​ | $ | 605,091 | ​ | $ | 78,164 | ​ | $ | 163,457 | ​ | $ | — | ​ | $ | 2,106,559

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